Carmelo 3 Foundation is a 501(c)(3) organization based in Mountain View, California, registered in 2020, with $45,663 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$46K
▲ 300.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$87K
Net assets
$538K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carmelo 3 Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carmelo 3 Foundation: 74 mo reserves · -90% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carmelo 3 Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carmelo 3 Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $1,916 (FY2018) to $46K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-90.2%
Spent more than it raised in the latest fiscal year.
Total assets
$549K
Total liabilities
$11K
Net assets
$538K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $45,663▲300% | $86,860▼16.6% | $537,694▼7.1% | $549,068▼5.2% | 990PF |
| 2023 | $11,417▼66.1% | $104,171▲15.4% | $578,891▼13.8% | $578,891▼13.8% | 990PF |
| 2022 | $33,656▲136% | $90,275▼5.0% | $671,645▼7.8% | $671,645▼7.8% | 990PF |
| 2021 | $14,270▼90.0% | $95,014▲69.3% | $728,264▼16.3% | $728,264▼16.3% | 990PF |
| 2019 | $143,255▲7377% | $56,136▲114463% | $870,478▲11.1% | $870,478▲11.1% | 990PF |
| 2018 | $1,916 | $49 | $783,359 | $783,359 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Carmelo 3 Foundation (EIN 82-2766296) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.